Prospera Energy posts record Q2 2026 results in heavy oil division

jp.investing.com (Japanese)

Prospera Energy reported record second-quarter 2026 results in its heavy oil division, with revenue reaching CAD 6.2 million and funds flow turning positive. Revenue rose 37% quarter-over-quarter and 26% year-over-year, while operating netback nearly tripled to about CAD 30 per barrel. Net loss narrowed to just over CAD 1 million from CAD 2.5 million in Q1. Production averaged about 750 BOE per day with 85% field uptime. Management plans to reactivate 42 more wells and targets a 4.2-fold production increase by 2028.


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Prospera Energy posts record Q2 2026 results in heavy oil division | News Minimalist